Gold retreated deeply last week, and the intraday covering momentum may be stronger than non-US currencies.
Trading strategy: Go short at highs, tend to arrange high-level short trading in the resistance area near 2420.
Resistance reference: 2419.59 (intraday watershed), 2440.01
Support reference: 2396.00 (break through and chase short); 2466.73
Technical aspect: Gold trend has retreated at this stage after the intraday gap-up opening, but it is still possible to test the dense trading resistance area near 2420 above.
XAUUSD 1-hour chart
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